1029 38th StNewport NewsVA23607
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Newport News at 1029 38th St, Newport News, VA, 23607 earns $670/mo cash flow from $2,374/mo rent with a $1,395/mo payment. Total monthly income totals $2,374/mo, and annual cash flow totals $8,043/yr on $94,478 capital. ROI tracks 28.42% on current figures, and rental yield reads 10% at a $285,000 purchase. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 over five years. Five-year ROI reaches 148.25% and total cumulative return in cash sums $140,058. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,374/mo property income instead of your personal income.
Single Family
Built in 1930
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23607, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,681 (100%) |
| Owner Occupied HU | 3,309 (31.0%) |
| Renter Occupied HU | 6,100 (57.1%) |
| Vacant Housing Units | 1,272 (11.9%) |
| Median Home Value | $182,143 |
| Average Home Value | $250,441 |
Housing Distribution
Address Breakdown
Residential
10,009
Single Family
8,603
Multi-Family
1,406
Businesses
701
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Listed by: Khadijah Jones • Golston Real Estate Inc
Mls Name: REIN Inc.
Mls ID: #10613434